Two-story medical office building on Alberta Drive in the town of Amherst. There are 18 office suites that open off a large interior atrium, a parking lot surrounds the building with 165 parking spaces. The rear building entrance has a ramp, and an interior handicap elevator serves both floors. The leases average $15 per sq. ft. gross; the utilities are included in the rent and there are no common area charges or tenant reimbursements for building taxes and insurance. This is below market, the building is 32% vacant, and there is considerable upside in filling the vacant space and raising the lease rates. The property is owner managed and rented.
The location, over two acres, just one block north of Sheridan Drive in Amherst is suitable for conversion to other office uses or multifamily or retail use.